Start instant pot in SAUTE mode. Add oil, cumin seeds, bay leaves, cinnamon, minced ginger and garlic.
When the cumin seeds and ginger and garlic start to sizzle, add onions and sauté for few minutes. Add tomato, paste and all other spices.
Continue to sauté for few more minutes. You should sense the aroma. The oil will start to separate on the sides. ( this step helps bring out all intense flavors)
Add soaked chickpeas, teabag and water for cooking. Stir well. Make sure to scrap through the bottom so nothing is stuck there. (de-glaze) Cancel SAUTE.
Close the Instant Pot lid . Select MANUAL high pressure mode for 30 minutes with vent in sealing position. Alternatively, you can choose BEAN mode too.
When the instant pot finishes cooking , let the pressure release naturally for 15 minutes. Release the leftovers pressure manually.
Open the instant pot lid. Carefully remove and discard the tea bag, bay leaves and cinnamon stick.
Stir well. Using the back of ladle or spatula mash some of the chickpeas. If the curry looks too thin or watery, turn the instant pot setting to sauté mode and let it boil for 2 minutes.
Garnish with chopped cilantro. For added flavor, crush some dry fenugreek leaves on your palm and sprinkle them over. Chole Masala is ready to be devoured. Serve warm.