Press SAUTE mode on Instant Pot. Add oil and once it’s hot add Bay leaf, whole spices, cumin, green chilies ,curry leaves ,ginger-garlic paste. Saute for 30 secs until aromatic.
Then add sliced onions,cook until they turn soft and light brown in color - stir regularly.
Add mix vegetables and cook for another 2-3 minutes.
Add Coconut milk, water, washed Basmati Rice, salt and give a stir .
Close the lid on the pot.Set the pot to MANUAL/PRESSURE COOK (High Pressure) and set timer to 5 minutes
Do a NATURAL PRESSURE RELEASE
Remove lid away from you,mix well and fluff with a fork or spoon.
Coconut milk Pulao is ready.Serve with Curry,Raita or plain yogurt.