For using distributed pyspark solution, there is no similar way to add delimiter right as you read(as there is pandas). A scalable way to solve this would be read the data as is in one column, then use below code (using pyspark functions) to create your columns.
Creating sample dataframe:
from pyspark.sql import functions as F
from pyspark.sql.types import *
list=[['USDINRFUTCUR23Feb201700000000FF00000000000001990067895000000000NNN*12'],
['USDINRFUTCUR24Feb201700000000FF00000000000001990067895000000000NNN*12'],
['USDINRFUTCUR25Feb201700000000FF00000000000001990067895000000000NNN*12']]
df=spark.createDataFrame(list,['col1'])
df.show(truncate=False)
+---------------------------------------------------------------------+
|col1 |
+---------------------------------------------------------------------+
|USDINRFUTCUR23Feb201700000000FF00000000000001990067895000000000NNN*12|
|USDINRFUTCUR24Feb201700000000FF00000000000001990067895000000000NNN*12|
|USDINRFUTCUR25Feb201700000000FF00000000000001990067895000000000NNN*12|
+---------------------------------------------------------------------+
Use substr and withcolumn to create new columns, and drop the first one. You could make a def(function) which reads and performs this code as well, so that you could re use and simplify your pipeline
df.withColumn("Currency1", F.col("col1").substr(0,3))\
.withColumn("Currency2", F.col("col1").substr(4,3))\
.withColumn("Type", F.col("col1").substr(7,6))\
.withColumn("Time", F.expr("""substr(col1,13,length(col1))"""))\
.drop("col1").show(truncate=False)
#output
+---------+---------+------+---------------------------------------------------------+
|Currency1|Currency2|Type |Time |
+---------+---------+------+---------------------------------------------------------+
|USD |INR |FUTCUR|23Feb201700000000FF00000000000001990067895000000000NNN*12|
|USD |INR |FUTCUR|24Feb201700000000FF00000000000001990067895000000000NNN*12|
|USD |INR |FUTCUR|25Feb201700000000FF00000000000001990067895000000000NNN*12|
+---------+---------+------+---------------------------------------------------------+