Run water over the jasmine rice until the water runs clear.
Add the jasmine rice and water to the Instant Pot.
Close the lid and turn the venting knob to sealing. Pressure cook on HIGH pressure for 3 minutes. It will take about 5 minutes to come to pressure before the cook time begins. Follow the cook time with a 10-minute natural release. After, turn the knob to venting to finish releasing pressure.
Open the lid and fluff the rice. Season as desired and serve.
I use the pressure cook button rather than the rice setting.