Sanitize the instant pot thoroughly - the steel insert, lid and sealing ring. If you have an extra sealing ring for sweet foods, use it.
Add everything in the instant pot. Close lid with vent in sealing position.
Set instant pot to PORRIDGE mode for 30 minutes. When instant pot beeps, let the pressure release naturally.
Open Instant Pot and mix well. The pudding would have a thinner consistency at this time. It will thicken as it cools.
Rice Pudding or Kheer is ready. Serve warm or chilled.
Video
Notes
If you don't have already roasted nuts. Add 1 tbsp of ghee in the instant pot and saute the nuts for about a minute. Then follow the recipe.
When kheer is stored, it gets thicker and creamier. If you prefer, you can thin the consistency by adding more milk.
This recipe was created in a 6qt Instant Pot DUO60 Multi-use Pressure Cooker. I do not recommend making this in a 3qt or doubling the recipe in a 6qt, as the milk boils and can come out.
Variations:
Add cinnamon powder and vanilla essence to get a different flavor.
You can use brown sugar instead of white sugar, based on your preference.