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Step 1
Rinse rice well, using a fine mesh colander and let it drain well.
Step 2
Add milk, water, a pinch of salt, cinnamon and nutmeg to the Instant Pot.
Step 3
Add rice to the Instant Pot and stir to combine.
Step 4
Put the lid on, seal and make sure to close the vent.
Step 5
Pressure cook for 10 minutes.
Step 6
Once done, do a 10 Minutes Natural Pressure Release.
Step 7
After 10 minutes, press Cancel to turn off the Instant Pot and open the vent to release the remaining pressure.
Step 8
When depressurized, open the lid and add the Sweetened Condensed milk and vanilla extract.
Step 9
Stir well until fully combined and creamy.
Step 10
Serve and enjoy!