Rinse and soak the pinto beans. Drain well. Note: soaking not required, see time options below.
Add the beans with the water (7 cups, soaked beans or 8 cups, unsoaked beans), chopped onion, chopped jalapeno, minced garlic, chili powder, ground cumin and salt into the base of the Instant Pot insert. Give all the ingredients a good stir. Put the lid on top.
Steam valve: Sealing.
Cook: Beans setting. OR...Manual/High for 30 minutes if unsoaked, Manual/High for 20 minutes if soaked.
Release: Natural.
Once release is finished, open the lid and stir well.
Serve Instant Pot Pinto Beans as side dish, or use them to mix in with other proteins and meats.