Wash the rice.Heat milk and rice together and bring to a boil.Lower the heat, cover and cook until rice is fully cooked (about 15 mins) stirring every now and then.
Lower the heat and add the condensed milk and mix evenly until all creamy.Adjust according to your taste.Add more if required.
Add the cardamom.Turn off the heat.Garnish with slivered almonds.
Seve warm or chilled!